Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) said it has earmarked C$12 million for exploration in 2024 across its Bear, Catharsis and Hook uranium projects in northern Saskatchewan's Athabasca Basin.
There are plans to start four programs in two weeks at Catharsis where eight to 10 drill holes for 2,000 metres (m) are planned for five different untested target areas.
In May, six to eight holes will be drilled at Bear covering 1,500m and one to two untested target areas. A 2,000 line km gravity and magnetics airborne survey is planned for later in the year.
At ACKIO (Hook), 35 to 50 drill holes for 12,000m are planned for delineation and exploration along strike and depth of the mineralized structure. The program is scheduled to start in early June.
At Hook, 16 to 20 drill holes for 4,000m are planned for five different untested target areas outside of 1 km radius from ACKIO.
James Sykes, chief executive, commented: "We are fully financed for the company's largest exploration programs on our Bear, Catharsis, and Hook projects.
“Our strategy entails a substantial allocation of resources toward discovering new deposits within our 264,000-hectare package.
"Our team has spent months of preparation to hone in on promising exploration targets with significant potential for discovery.
“For the first time, we'll also target ACKIO at depth, utilizing cutting-edge ANT technology that could give this project a whole new dimension.“